Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 48.94% is 25% below its 5-year average of 65.17%, near the low end of its 5-year range (44.63%–101.17%).
3.66% below its 12-month average of 50.80%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 55.99%.
GROSS MARGIN
48.94%
GROSS MARGIN AVG TTM
50.80%
GROSS MARGIN AVG 3Y
49.15%
GROSS MARGIN AVG 5Y
65.17%
GROSS MARGIN AVG 10Y
75.16%
GROSS MARGIN AVG 15Y
82.98%
GROSS MARGIN AVG 20Y
85.14%
CURRENT VS TTM AVG
-3.66%
CURRENT VS 3Y AVG
-0.44%
CURRENT VS 5Y AVG
-24.90%
CURRENT VS 10Y AVG
-34.88%
CURRENT VS 15Y AVG
-41.02%
CURRENT VS 20Y AVG
-42.52%
SECTOR MEDIAN · FINANCIAL SERVICES
58.58%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
-16.45%
vs the sector median at left
Bank of New York Mellon Corp
Market Cap
$103.06B
Gross Margin
48.94%
TTM Avg
50.80%
3Y Avg
49.15%
5Y Avg
65.17%
Market Cap
$107.35B
Gross Margin
N/A
TTM Avg
81.39%
3Y Avg
77.91%
5Y Avg
76.48%
Market Cap
$95.05B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$94.99B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$90.03B
Gross Margin
67.91%
TTM Avg
62.55%
3Y Avg
69.46%
5Y Avg
75.75%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bank of New York Mellon Corp (BNY) | $103.06B | 48.94% | 50.80% | 49.15% | 65.17% |
| Robinhood Markets, Inc. (HOOD)vs › | $107.35B | N/A | 81.39% | 77.91% | 76.48% |
| CME Group Inc. (CME)vs › | $95.10B | 81.89% | 86.11% | 85.59% | 84.50% |
| Schwab U.S. Dividend Equity ETF (SCHD)vs › | $95.05B | N/A | N/A | N/A | N/A |
| Invesco S&P 500 Equal Weight ETF (RSP)vs › | $94.99B | N/A | N/A | N/A | N/A |
| U.S. Bancorp (USB)vs › | $92.42B | 63.78% | 60.80% | 66.50% | 73.95% |
| The PNC Financial Services Group, Inc. (PNC)vs › | $90.03B | 67.91% | 62.55% | 69.46% | 75.75% |
| S&P Global Inc. (SPGI)vs › | $118.89B | 70.90% | 69.67% | 68.16% | 69.70% |
| KKR & Co. Inc. (KKR)vs › | $86.80B | 22.49% | 17.88% | 26.44% | 32.95% |
| The Progressive Corporation (PGR)vs › | $119.48B | 26.91% | 28.60% | 22.84% | 24.41% |
Gross Margin
48.9%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 55.99% |
| 2025-09-30 | 48.34% |
| 2025-06-30 | 48.07% |
| 2024-09-30 | 44.63% |
| 2024-03-31 | 46.42% |
| 2023-09-30 | 49.00% |
| 2023-06-30 | 51.63% |
| 2022-09-30 | 80.28% |
| 2022-06-30 | 91.51% |
| 2021-09-30 | 99.83% |
| 2021-06-30 | 101.17% |
| 2020-09-30 | 96.75% |
| 2020-03-31 | 80.62% |
| 2019-09-30 | 75.96% |
| 2019-06-30 | 76.87% |
| 2018-09-30 | 84.30% |
| 2018-06-30 | 86.42% |
| 2017-09-30 | 92.75% |
| 2017-06-30 | 94.63% |
| 2016-09-30 | 97.94% |
| 2016-03-31 | 96.61% |
| 2015-09-30 | 97.88% |
| 2015-06-30 | 98.39% |
| 2014-09-30 | 98.16% |
| 2014-06-30 | 97.85% |
| 2013-09-30 | 97.74% |
| 2013-06-30 | 98.50% |
| 2012-09-30 | 96.67% |
| 2012-03-31 | 95.88% |
| 2011-09-30 | 95.45% |
| 2011-06-30 | 96.11% |
| 2010-09-30 | 96.66% |
| 2010-06-30 | 95.27% |
| 2009-09-30 | 118.65% |
| 2009-06-30 | 93.36% |
| 2008-09-30 | 84.57% |
| 2008-03-31 | 80.48% |
| 2007-09-30 | 76.45% |
| 2007-06-30 | 74.65% |
| 2006-09-30 | 72.78% |
| 2006-03-31 | 76.95% |
| 2005-09-30 | 80.99% |
| 2005-03-31 | 86.29% |
| 2004-09-30 | 88.37% |
| 2004-03-31 | 88.93% |
| 2003-09-30 | 87.30% |
| 2003-03-31 | 83.80% |
| 2002-09-30 | 64.51% |
| 2002-03-31 | 80.64% |
| 2001-09-30 | 67.18% |
| 2001-03-31 | 67.85% |
| 2000-09-30 | 65.49% |
| 2000-03-31 | 65.76% |
| 1999-09-30 | 78.56% |
| 1999-03-31 | 69.97% |
| 1998-09-30 | 66.44% |
| 1998-03-31 | 67.99% |
| 1997-09-30 | 65.26% |
| 1997-03-31 | 65.80% |
| 1996-09-30 | 66.69% |
| 1996-03-31 | 62.21% |
| 1995-09-30 | 59.47% |
| 1995-03-31 | 60.56% |
| 1994-09-30 | 66.12% |
| 1994-03-31 | 70.49% |
| 1993-09-30 | 68.12% |
| 1993-03-31 | 62.54% |
| 1992-09-30 | 56.56% |
| 1992-03-31 | 48.81% |
| 1991-09-30 | 41.34% |
| 1991-03-31 | 18.47% |
| 1990-09-30 | 32.62% |
| 1990-03-31 | 37.95% |
| 1989-09-30 | 0.00% |
| 1989-06-30 | 0.00% |
| 1988-09-30 | 0.00% |
| 1988-03-31 | 0.00% |
| 1987-09-30 | 0.00% |
| 1987-03-31 | 0.00% |
| 1986-09-30 | 0.00% |
| 1986-03-31 | 0.00% |
| 1985-09-30 | 0.00% |
